Form 4: Camden National EVP Forbes Reports Stock Withholding

EVP Andrew Forbes of Camden National Corp reported the withholding of shares to satisfy tax obligations related to restricted stock vesting.

Summary

• Andrew Forbes, EVP of Camden National Corp (CAC), reported the disposition of 224 shares of common stock.
• 127 shares were withheld on April 29, 2026, at a price of $47.97 per share.
• 97 shares were withheld on April 30, 2026, at a price of $48.17 per share.
• The transactions were executed to satisfy minimum tax withholding obligations upon the vesting of restricted stock units.
• Following these transactions, the reporting person maintains a beneficial ownership of 5,923 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event, as the share reduction is purely for tax compliance and does not reflect a change in executive sentiment.

Positives

• The transaction reflects the vesting of equity-based compensation, indicating ongoing alignment between executive interests and shareholder value.

Negatives

• The reporting person reduced their direct holdings in the company, albeit for tax compliance purposes.

Risks

• None identified; this is a routine administrative transaction related to tax obligations.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that this filing is a standard regulatory disclosure for executive compensation and does not signal a change in corporate strategy or market outlook.

Comparison to Industry Standards

• The practice of withholding shares to satisfy tax obligations upon the vesting of restricted stock is a standard industry practice for publicly traded financial institutions.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a routine tax-related adjustment.

Next Steps

• None mentioned.

Key Dates

Keywords

Camden National Corp, CAC, Form 4, Insider Trading, Tax Withholding, Equity Compensation